FRANKFURT, Nov 27 (Reuters) - German stock exchange operator Deutsche Boerse AG said on Thursday it is in exclusive discussions with Allfunds Group PLC over an acquisition of the fund distribution company.
It added in a statement that Allfunds' board unanimously agreed to start exclusive discussions based on a non-binding offer of 8.80 euros ($10.20) per Allfunds share, made up of 4.30 euros in cash and 4.30 euros in new Deutsche Boerse shares plus a dividend of 0.20 euros.
($1 = 0.8626 euros)
(Reporting by Ludwig Burger; editing by Matthias Williams)
((ludwig.burger@thomsonreuters.com))